For our websites to work correctly, it is necessary to have Javascript turned on.

We use Cookies to improve our services. You can get more detailed info on their use and settings here.
OK

We have noticed that you have an ad blocking tool switched on. Revenues from Ads help our site to bring you more information about Slovakia. If you visit our website regularly, you can support us by adding us on the list of unblocked websites (whitelist). Thank you.
✖

Honeywell to invest in Slovakia

ECONOMY Minister Juraj Miškov on March 14 confirmed plans by US-based multinational Honeywell International to invest over €38 million in Slovakia. The investment will create at least 446 new jobs in Prešov, producing turbochargers designed for cars and trucks , the TASR newswire reported.

ECONOMY Minister Juraj Miškov on March 14 confirmed plans by US-based multinational Honeywell International to invest over €38 million in Slovakia. The investment will create at least 446 new jobs in Prešov, producing turbochargers designed for cars and trucks , the TASR newswire reported.

The Economy Ministry intends during an upcoming cabinet session to submit a proposal on providing Honeywell with investment assistance.

“The government will then act on the investor’s request by issuing a decision on the proposal for investment assistance,” the ministry stated, as quoted by TASR.

The ministry said that Honeywell ha d fulfilled all criteria required under Slovak and EU law. The investment aid would take the form of direct financial help through subsidies when procuring material and non-material investment property, through contributions for creating new jobs, and through indirect help, including an income tax allowance on condition that maximum-intensity aid for eastern Slovakia is fulfilled.